European stocks are seen opening lower on Monday as Beijing reaffirmed its zero-COVID-policy and the country’s trade data fell short of expectations, raising concerns about slowing economic growth.<\/p>\n
Chinese health<\/span> authorities have said the country will continue to follow the flagship “zero-COVID” policy despite growing backlash over stringent coronavirus measures.<\/p>\n Apple said that customers will now experience longer wait times to receive their new products after officials locked down a district home to Foxconn’s iPhone factory – the world’s largest – on 2 November for seven days.<\/p>\n Chinese exports and imports both unexpectedly contracted in October, the first simultaneous slump since May 2020, as a result of higher interest rates globally and new COVID-19 curbs at home, official data showed. <\/p>\n The dollar gathered strength amid uncertainties surrounding the Fed rate hike moves and the U.S. mid-term elections.<\/p>\n Gold slipped from a three-week high scaled in the previous session, as focus shifted to the U.S. inflation data due later in the week that could shed light on the Fed’s rate-hike move in the upcoming December meet. <\/p>\n Oil prices fell more than 1 percent in Asian trade after settling up by more than 5 percent on Friday.<\/p>\n